FXChoice offers a number of potential benefits over directly investing in the stock market. Traders can buy or sell Share CFDs with low margin levels and trading costs. Use only a fraction of the capital to buy or sell without having to own the whole share. CFD trading gives participants direct market exposure without having to take ownership of the underlying asset. CFD traders have the ability to profit from both long and short positions.
The broker uses advanced encryption technology to help guarantee your privacy and security when transactions are being processed. All communication data is encrypted using SSL technology (Secure Socket Layer). The Forex market is the world’s largest financial market, with over $4 trillion passing through it every day. This large volume brings about liquidity and flexibility for a trader’s strategy. There are over 35+ major, minor and exotic FX currency pairs to trade forex through FXChoice.
Optimum, Classic & Pro Accounts
FXChoice offers customer support via multiple channels, including live chat, email, and telephone. The support team is available 24/5 and is known for being responsive and professional. FXChoice, established in 2010 and regulated by multiple entities, boasts a robust track record in the forex industry.
How do I contact FXChoice customer support?
These articles cover topics such as risk management, trading psychology, technical analysis, and more. For traders who rely on automated trading strategies (Expert Advisors or EAs), FXChoice offers a Virtual Private Server (VPS) hosting service. This ensures that automated trading systems run smoothly and uninterrupted, regardless of the trader’s local internet connection. All three platforms offer web, desktop, and mobile versions, ensuring that traders can access their accounts from any device at any time. FXChoice offers the industry-standard MetaTrader 4 and 5 platforms, as well as a convenient web terminal for browser-based trading.
- Any user, visitor, or customer must independently make a decision and take 100% responsibility to himself for making a decision.
- Once your account has been approved, you can make a deposit and commence trading.
- To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of FXChoice’s trading platforms.
- FXChoice further supports CFD trading for select cryptocurrencies, giving access to widely recognized names including Bitcoin (BTC) and Ethereum (ETH).
This means that once you understand how to use MT4, it should be easy to figure out MT5. Additionally, most beginners will use MetaTrader 4, which is why FXChoice focused on those videos. To ensure that you have no problem placing trades or getting to know MetaTrader 4 and MetaTrader 5, FXChoice has platform tutorial videos in the FAQ section for each platform. You can also access some of these videos on the designated pages of FXChoice’s website for MT4 and MT5. FXChoice allows for an impressive 20 open demo accounts by default, with the ability to contact the broker to increase this number. This way, you can use each account for a different strategy if you prefer.
Insights from Real Traders
Competent and friendly multi-lingual global support is available 24 hours a day 5 days a week via online chat, telephone and email. FXChoice won the best customer service challenge award from the LiveHelpNow Challenge which ranks the top 100 providers of superior customer service. These rankings are data-driven, based on metrics provided daily to client dashboards. Measured against 12 unique values, Challenge winners are amongst some of the best customer service providers in their field. The achievement reflects the professionalism, skill, care and constant endeavour to provide better customer service. This is what defines companies who rank among the top 100 in a global field of more than 10,000 businesses.
Yes, FXChoice provides a comprehensive library of articles, tutorials, webinars, and seminars to help you develop your trading skills. Additionally, the broker offers a comprehensive FAQ section on their website, addressing common queries and enhancing customer experience. Prospective applicants should verify on FXChoice’s fx choice review website or contact support to check if they qualify for an account based on their nationality or domicile.
Forex Currency Pairs
- Regulatory guidelines in various regions (e.g., within the EU) may also impose their own ceilings on leverage available to retail traders.
- The MT5 trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile trading app that is designed for smartphone devices running on Android and iOS.
- One of the major advantages of FXChoice is its low fees, making it accessible for both novice and experienced traders.
- Since then, they have become a well-known and trusted broker for thousands of traders globally.
- If your country is not accepted, please feel free to browse our broker ratings for an alternative.
Cryptos are online currencies based on complex mathematical algorithms that have continued to increase in popularity over recent years. Trading Crypto CFDs allow an investor to speculate on them without actually directly owning them. As they are decentralised, Cryptos are independent from government interference. FXChoice offer some of the most popular Cryptos, including Bitcoin (BTC) and Ethereum (ETH). Due to offshore regulations, the broker is able to accept clients from most countries.
Digital assets might be traded any day, effectively offering 24/7 availability, though spreads can be steeper than in the forex domain. If you want to practice trading online before committing real funds, there is the option of opening an FXChoice demo account. This account is completely free and comes preloaded with virtual funds so that you can practice your trading strategies risk free.
Bonuses & Promotions: Sweetening the Deal
Those with Classic accounts can participate in the Pips+ Loyalty program where higher trading volumes result in spread refunds. There are four tiers to the program, each with its own trade or equity requirements and rebates per $1M. The pips for index CFDs on FXChoice are also listed in terms of USD, as are the spreads. The following provides you with all the information you need to calculate and compare spreads on these assets. You will notice that spreads are identical for both Classic and Pro accounts.
FXChoice also offers VPS hosting for traders who want to run automated trading strategies without interruption. FXChoice has been making waves in the forex industry since its establishment in 2010. With its promises of low spreads, high leverage, and a wide range of trading instruments, it has attracted the attention of traders worldwide. In this comprehensive review, we will delve deep into the features, offerings, and reputation of FXChoice to help you make an informed decision. This includes forex, cryptocurrency CFDs, index CFDs, and commodity CFDs, the last of which includes precious metals and energies.
From professional trading signals to robust VPS hosting, clients can access tools that improve efficiency and consistency. As a result, these services add value to both beginners and advanced traders seeking performance-driven solutions. Yes, FXChoice supports scalping, hedging, and multiple order types to accommodate diverse trading styles. Traders also benefit from accounts in various base currencies, a FIFO-free environment, and multiple deposit and withdrawal options that enhance flexibility and fund security across global markets.
Bank transfers may take a few business days to clear whilst some methods such as card payments can be instant. Please note that some methods may only be available to specific countries. FXChoice offers reliable and accessible customer support, combining multilingual assistance with professional call center services. Therefore, traders can resolve account, trading, and technical issues quickly, enhancing confidence in their overall trading experience.